India's quick-service restaurant (QSR) industry is showing early signs of demand recovery, but Macquarie highlights rising costs and intensifying competition from food-delivery aggregators as reasons for its cautiousness. According to Macquarie, post-fourth-quarter trends indicate a gradual improvement in dine-in demand across restaurant chains. Within the sector, Macquarie remains most constructive on franchise operators Devyani International, Sapphire Foods and Westlife Foodworld. However, the recovery remains uneven and is being overshadowed by inflationary pressures and the growing dominance of delivery platforms such as Zomato and Swiggy. The brokerage said same-store sales growth across the listed QSR universe is tracking broadly in line with or slightly ahead of fourth-quarter levels. However, restaurant brands continue to trail delivery aggregators in growth, highlighting a structural shift in consumer behaviour. To counter this trend, restaurant operators have increa...
A 23-year-old Indian has died after he was shot during an armed robbery in Chicago, according to a media report on Tuesday.
Devsish Nandepu was shot during an armed robbery Sunday night in Princeton Park on the South Side, Chicago police said on Tuesday morning.
He succumbed to his injuries, a report in ABC7 Eyewitness News said.
The report added that Nandepu died just after 4 a.m. Monday morning at Christ Medical Center in Oak Lawn. He had been shot in the armpit and taken to the hospital in critical condition during the incident.
Nandepu and another 22-year-old were near a parking lot about 6:55 p.m. Sunday when a dark-coloured vehicle approached them. Two occupants from the vehicle held them at gunpoint and demanded valuables from them.
Nandepu and his friend complied and were shot, officials said.
The younger man was struck in the chest and was taken to University of Chicago Medical Center, where he was in critical condition, police said.
No arrests have been made in the case so far.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
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